Updated Feb 21, 2025
Peak Capital RE Acquires Multifamily Property In Astoria, Queens For $1.95M
30-70 44th Street, Astoria, Queens County, NY, USA
$1,950,000
$370/SF
Building Size
5,262 SF
Asset Type
MultiFamily
Closing
Nov 4, 2021
About this deal
AI
Sadie Gambino has sold a multifamily property located at 30-70 44th Street in Astoria, Queens. The property consists of 6 units with a total square footage of 5,262. The sale price for this transaction was $1,950,000, resulting in a price per unit of $325,000 and a price per square foot of $370.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Units: 6
- Price per Unit: $325,000
- Square Footage: 5,262
- Price per Square Foot: $370
Alex Rabin & David Gomez of Peak Capital Real Estate represented the buyer in this transaction.
Players
Astoria MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93